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Previous: EQUITY INVESTOR FUND SEL S&P IND POR 1998 SER D DEF ASST FDS, 497, 1998-10-06 |
Next: NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-3 TRUST, 8-K, 1998-10-06 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 25, 1998
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4 Trust
New York (governing law of 33321263-25 52-2079989
Pooling and Servicing Agreement) (Commission 52-2079990
(State or other File Number) IRS EIN
jurisdiction
c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway 21044
Columbia, Maryland (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (410) 884-2000
c/o Norwest Bank Minnesota, N.A.
7485 New Horizon Way 21703
Frederick, MD (Zip Code)
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On September 25, 1998 a distribution was made to holders of NORWEST ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1998-4
Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 1998-4 Trust,
relating to the September 25, 1998 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORWEST ASSET SECURITIES CORPORATION
Mortgage Pass-Through Certificates, Series 1998-4 Trust
By: Norwest Bank Minnesota, N.A., as Master Servicer
By: /s/ Sherri J. Sharps, Vice President
By: Sherri J. Sharps, Vice President
Date: 09/28/1998
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through
Certificates, Series 1998-4 Trust, relating to the September
25, 1998 distribution.
<TABLE>
<CAPTION>
Norwest Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date: 08/31/1998
Distribution Date: 09/25/1998
NASCOR Series: 1998-4
Contact: Customer Service
Norwest Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 846-8130
Fax: (301) 846-8152
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<S> <C> <C> <C> <C> <C> <C>
IA1 66937NXT0 PAC 6.60000% 25,000,000.00 137,500.00 0.00
IA2 66937NXU7 PAC 6.35000% 38,756,000.00 205,083.83 0.00
IA3 66937NXV5 PAC 6.50000% 4,524,000.00 24,505.00 0.00
IA4 66937NXW3 IO 7.00000% 0.00 31,211.17 0.00
IA5 66937NXX1 SCH 7.00000% 42,760,735.52 249,437.62 3,217,204.96
IA6 66937NXY9 SCH 6.75000% 20,859,165.95 117,332.81 1,569,388.63
IA7 66937NXZ6 SCH 9.00000% 3,767,709.70 28,257.82 283,472.54
A8 66937NYA0 SCH 6.80000% 11,609,581.66 65,787.63 873,474.30
A9 66937NYB8 COMP 7.00000% 0.00 0.00 0.00
A10 66937NYC6 COMP 7.00000% 0.00 0.00 0.00
A11 66937NYD4 SEQ 7.00000% 345,796.23 2,017.14 -2,017.14
A12 66937NYE2 SEQ 7.00000% 22,000,000.00 128,333.33 0.00
AP1 NMB984APO PO 0.00000% 142,810.38 0.00 144.02
2A1 66937NYL6 SEQ 6.52000% 88,191,946.07 479,176.24 894,138.18
2A2 66937NYM4 SEQ 8.00000% 16,226,774.07 108,178.49 164,515.91
2A3 66937NYN2 SEQ 6.75000% 67,010,835.93 376,935.95 550,804.76
2A4 66937NYP7 SEQ 6.75000% 24,377,000.00 137,120.62 0.00
2A5 66937NYQ5 SEQ 6.75000% 14,300,000.00 80,437.50 0.00
2A6 66937NYR8 SEQ 6.75000% 29,919,000.00 168,294.38 0.00
1APO NMB984BPO PO 0.00000% 92,776.70 0.00 84.10
A-LR 66937NYG7 R 7.00000% 100.00 0.58 0.00
A-R 66937NYF9 R 7.00000% 100.00 0.58 0.00
1-M-1 66937NYH5 MEZ 7.00000% 2,487,576.33 14,510.86 1,985.34
M2 66937NYS1 MEZ 6.75000% 3,413,073.26 19,198.54 2,682.15
B1 66937NYJ1 SUB 7.00000% 2,685,508.24 15,665.46 2,143.31
B2 66937NYK8 SUB 7.00000% 1,094,891.65 6,386.87 873.84
B3 66937NZM3 SUB 7.00000% 835,491.45 4,873.70 666.81
B4 66937NZN1 SUB 7.00000% 298,389.80 1,740.61 238.15
B5 66937NZP6 SUB 7.00000% 557,465.59 3,251.88 420.88
2B1 66937NYT9 SUB 6.75000% 3,821,925.82 21,498.33 3,003.45
2B2 66937NYU6 SUB 6.75000% 1,364,831.40 7,677.18 1,072.55
2B3 66937NZQ4 SUB 6.75000% 955,978.84 5,377.38 751.25
2B4 66937NZR2 SUB 6.75000% 545,136.74 3,066.39 428.39
2B5 66937NZS0 SUB 6.75000% 819,992.29 4,612.46 218.61
Totals 428,764,593.62 2,447,470.35 7,565,694.99
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<S> <C> <C> <C> <C>
IA1 0.00 25,000,000.00 137,500.00 0.00
IA2 0.00 38,756,000.00 205,083.83 0.00
IA3 0.00 4,524,000.00 24,505.00 0.00
IA4 0.00 0.00 31,211.17 0.00
IA5 0.00 39,543,530.56 3,466,642.58 0.00
IA6 0.00 19,289,777.32 1,686,721.44 0.00
IA7 0.00 3,484,237.16 311,730.36 0.00
A8 0.00 10,736,107.36 939,261.93 0.00
A9 0.00 0.00 0.00 0.00
A10 0.00 0.00 0.00 0.00
A11 0.00 347,813.37 0.00 0.00
A12 0.00 22,000,000.00 128,333.33 0.00
AP1 0.00 142,666.36 144.02 0.00
2A1 0.00 87,297,807.89 1,373,314.42 0.00
2A2 0.00 16,062,258.17 272,694.40 0.00
2A3 0.00 66,460,031.18 927,740.71 0.00
2A4 0.00 24,377,000.00 137,120.62 0.00
2A5 0.00 14,300,000.00 80,437.50 0.00
2A6 0.00 29,919,000.00 168,294.38 0.00
1APO 0.00 92,692.60 84.10 0.00
A-LR 0.00 100.00 0.58 0.00
A-R 0.00 100.00 0.58 0.00
1-M-1 0.00 2,485,590.99 16,496.20 0.00
M2 0.00 3,410,391.11 21,880.69 0.00
B1 0.00 2,683,364.93 17,808.77 0.00
B2 0.00 1,094,017.82 7,260.71 0.00
B3 0.00 834,824.64 5,540.51 0.00
B4 0.00 298,151.66 1,978.76 0.00
B5 24.03 557,020.67 3,672.76 307.04
2B1 0.00 3,818,922.37 24,501.78 0.00
2B2 0.00 1,363,758.85 8,749.73 0.00
2B3 0.00 955,227.59 6,128.63 0.00
2B4 0.00 544,708.35 3,494.78 0.00
2B5 425.78 819,347.91 4,831.07 2,656.89
Totals 449.81 421,198,448.86 10,013,165.34 2,963.93
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<S> <C> <C> <C> <C> <C> <C>
IA1 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00
IA2 38,756,000.00 38,756,000.00 0.00 0.00 0.00 0.00
IA3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00
IA4 0.00 0.00 0.00 0.00 0.00 0.00
IA5 48,075,000.00 42,760,735.52 73,303.54 3,143,901.42 0.00 0.00
IA6 23,834,000.00 20,859,165.95 35,758.29 1,533,630.34 0.00 0.00
IA7 4,343,000.00 3,767,709.70 6,458.88 277,013.66 0.00 0.00
A8 13,645,000.00 11,609,581.66 19,901.98 853,572.32 0.00 0.00
A9 7,512,000.00 0.00 0.00 0.00 0.00 0.00
A10 3,876,000.00 0.00 0.00 0.00 0.00 0.00
A11 332,000.00 345,796.23 0.00 0.00 -2,017.14 0.00
A12 22,000,000.00 22,000,000.00 0.00 0.00 0.00 0.00
AP1 143,813.67 142,810.38 135.60 8.42 0.00 0.00
2A1 101,161,000.00 88,191,946.07 104,790.14 789,348.04 0.00 0.00
2A2 18,613,000.00 16,226,774.07 19,280.74 145,235.17 0.00 0.00
2A3 75,000,000.00 67,010,835.93 64,552.56 486,252.20 0.00 0.00
2A4 24,377,000.00 24,377,000.00 0.00 0.00 0.00 0.00
2A5 14,300,000.00 14,300,000.00 0.00 0.00 0.00 0.00
2A6 29,919,000.00 29,919,000.00 0.00 0.00 0.00 0.00
1APO 94,016.24 92,776.70 83.37 0.73 0.00 0.00
A-LR 100.00 100.00 0.00 0.00 0.00 0.00
A-R 100.00 100.00 0.00 0.00 0.00 0.00
1-M-1 2,501,000.00 2,487,576.33 1,985.34 0.00 0.00 0.00
M2 3,431,000.00 3,413,073.26 2,682.15 0.00 0.00 0.00
B1 2,700,000.00 2,685,508.24 2,143.31 0.00 0.00 0.00
B2 1,100,800.00 1,094,891.65 873.84 0.00 0.00 0.00
B3 840,000.00 835,491.45 666.81 0.00 0.00 0.00
B4 300,000.00 298,389.80 238.15 0.00 0.00 0.00
B5 560,473.83 557,465.59 420.88 0.00 0.00 24.03
2B1 3,842,000.00 3,821,925.82 3,003.45 0.00 0.00 0.00
2B2 1,372,000.00 1,364,831.40 1,072.55 0.00 0.00 0.00
2B3 961,000.00 955,978.84 751.25 0.00 0.00 0.00
2B4 548,000.00 545,136.74 428.39 0.00 0.00 0.00
2B5 824,299.20 819,992.29 218.61 0.00 0.00 425.78
Totals 474,485,602.94 428,764,593.62 338,749.83 7,228,962.30 (2,017.14) 449.81
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C>
IA1 0.00 25,000,000.00 1.00000000 0.00
IA2 0.00 38,756,000.00 1.00000000 0.00
IA3 0.00 4,524,000.00 1.00000000 0.00
IA4 0.00 0.00 0.00000000 0.00
IA5 3,217,204.96 39,543,530.56 0.82253834 3,217,204.96
IA6 1,569,388.63 19,289,777.32 0.80933865 1,569,388.63
IA7 283,472.54 3,484,237.16 0.80226506 283,472.54
A8 873,474.30 10,736,107.36 0.78681622 873,474.30
A9 0.00 0.00 0.00000000 0.00
A10 0.00 0.00 0.00000000 0.00
A11 (2,017.14) 347,813.37 1.04763063 (2,017.14)
A12 0.00 22,000,000.00 1.00000000 0.00
AP1 144.02 142,666.36 0.99202225 144.02
2A1 894,138.18 87,297,807.89 0.86295912 894,138.18
2A2 164,515.91 16,062,258.17 0.86295912 164,515.91
2A3 550,804.76 66,460,031.18 0.88613375 550,804.76
2A4 0.00 24,377,000.00 1.00000000 0.00
2A5 0.00 14,300,000.00 1.00000000 0.00
2A6 0.00 29,919,000.00 1.00000000 0.00
1APO 84.10 92,692.60 0.98592116 84.10
A-LR 0.00 100.00 1.00000000 0.00
A-R 0.00 100.00 1.00000000 0.00
1-M-1 1,985.34 2,485,590.99 0.99383886 1,985.34
M2 2,682.15 3,410,391.11 0.99399333 2,682.15
B1 2,143.31 2,683,364.93 0.99383886 2,143.31
B2 873.84 1,094,017.82 0.99383886 873.84
B3 666.81 834,824.64 0.99383886 666.81
B4 238.15 298,151.66 0.99383887 238.15
B5 444.91 557,020.67 0.99383886 420.88
2B1 3,003.45 3,818,922.37 0.99399333 3,003.45
2B2 1,072.55 1,363,758.85 0.99399333 1,072.55
2B3 751.25 955,227.59 0.99399333 751.25
2B4 428.39 544,708.35 0.99399334 428.39
2B5 644.39 819,347.91 0.99399333 218.61
Totals 7,566,144.80 421,198,448.86 0.88769490 7,565,694.99
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<S> <C> <C> <C> <C> <C>
IA1 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA2 38,756,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA3 4,524,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
IA4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
IA5 48,075,000.00 889.45887717 1.52477462 65.39576537 0.00000000
IA6 23,834,000.00 875.18527943 1.50030587 64.34632626 0.00000000
IA7 4,343,000.00 867.53619618 1.48719318 63.78394198 0.00000000
A8 13,645,000.00 850.83046244 1.45855478 62.55568487 0.00000000
A9 7,512,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A10 3,876,000.00 0.00000000 0.00000000 0.00000000 0.00000000
A11 332,000.00 1041.55490964 0.00000000 0.00000000 -6.07572289
A12 22,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
AP1 143,813.67 993.02368127 0.94288672 0.05854798 0.00000000
2A1 101,161,000.00 871.79788723 1.03587489 7.80288886 0.00000000
2A2 18,613,000.00 871.79788696 1.03587493 7.80288884 0.00000000
2A3 75,000,000.00 893.47781240 0.86070080 6.48336267 0.00000000
2A4 24,377,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 14,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 29,919,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1APO 94,016.24 986.81568206 0.88676169 0.00776462 0.00000000
A-LR 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-M-1 2,501,000.00 994.63267893 0.79381847 0.00000000 0.00000000
M2 3,431,000.00 994.77506849 0.78174002 0.00000000 0.00000000
B1 2,700,000.00 994.63268148 0.79381852 0.00000000 0.00000000
B2 1,100,800.00 994.63267624 0.79382267 0.00000000 0.00000000
B3 840,000.00 994.63267857 0.79382143 0.00000000 0.00000000
B4 300,000.00 994.63266667 0.79383333 0.00000000 0.00000000
B5 560,473.83 994.63268428 0.75093604 0.00000000 0.00000000
2B1 3,842,000.00 994.77507028 0.78174128 0.00000000 0.00000000
2B2 1,372,000.00 994.77507289 0.78174198 0.00000000 0.00000000
2B3 961,000.00 994.77506764 0.78173777 0.00000000 0.00000000
2B4 548,000.00 994.77507299 0.78173358 0.00000000 0.00000000
2B5 824,299.20 994.77506469 0.26520710 0.00000000 0.00000000
<FN>
(2) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<S> <C> <C> <C> <C> <C>
IA1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
IA4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
IA5 0.00000000 66.92053999 822.53833718 0.82253834 66.92053999
IA6 0.00000000 65.84663212 809.33864731 0.80933865 65.84663212
IA7 0.00000000 65.27113516 802.26506102 0.80226506 65.27113516
A8 0.00000000 64.01423965 786.81622279 0.78681622 64.01423965
A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A11 0.00000000 -6.07572289 1,047.63063253 1.04763063 -6.07572289
A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
AP1 0.00000000 1.00143470 992.02224656 0.99202225 1.00143470
2A1 0.00000000 8.83876375 862.95912348 0.86295912 8.83876375
2A2 0.00000000 8.83876377 862.95912373 0.86295912 8.83876377
2A3 0.00000000 7.34406347 886.13374907 0.88613375 7.34406347
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1APO 0.00000000 0.89452631 985.92115575 0.98592116 0.89452631
A-LR 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-M-1 0.00000000 0.79381847 993.83886046 0.99383886 0.79381847
M2 0.00000000 0.78174002 993.99332848 0.99399333 0.78174002
B1 0.00000000 0.79381852 993.83886296 0.99383886 0.79381852
B2 0.00000000 0.79382267 993.83886265 0.99383886 0.79382267
B3 0.00000000 0.79382143 993.83885714 0.99383886 0.79382143
B4 0.00000000 0.79383333 993.83886667 0.99383887 0.79383333
B5 0.04287444 0.79381048 993.83885596 0.99383886 0.75093604
2B1 0.00000000 0.78174128 993.99332900 0.99399333 0.78174128
2B2 0.00000000 0.78174198 993.99333090 0.99399333 0.78174198
2B3 0.00000000 0.78173777 993.99332986 0.99399333 0.78173777
2B4 0.00000000 0.78173358 993.99333942 0.99399334 0.78173358
2B5 0.51653574 0.78174284 993.99333397 0.99399333 0.26520710
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
IA1 25,000,000.00 6.60000% 25,000,000.00 137,500.00 0.00 0.00
IA2 38,756,000.00 6.35000% 38,756,000.00 205,083.83 0.00 0.00
IA3 4,524,000.00 6.50000% 4,524,000.00 24,505.00 0.00 0.00
IA4 0.00 7.00000% 5,350,485.71 31,211.17 0.00 0.00
IA5 48,075,000.00 7.00000% 42,760,735.52 249,437.62 0.00 0.00
IA6 23,834,000.00 6.75000% 20,859,165.95 117,332.81 0.00 0.00
IA7 4,343,000.00 9.00000% 3,767,709.70 28,257.82 0.00 0.00
A8 13,645,000.00 6.80000% 11,609,581.66 65,787.63 0.00 0.00
A9 7,512,000.00 7.00000% 0.00 0.00 0.00 0.00
A10 3,876,000.00 7.00000% 0.00 0.00 0.00 0.00
A11 332,000.00 7.00000% 345,796.23 2,017.14 0.00 0.00
A12 22,000,000.00 7.00000% 22,000,000.00 128,333.33 0.00 0.00
AP1 143,813.67 0.00000% 142,810.38 0.00 0.00 0.00
2A1 101,161,000.00 6.52000% 88,191,946.07 479,176.24 0.00 0.00
2A2 18,613,000.00 8.00000% 16,226,774.07 108,178.49 0.00 0.00
2A3 75,000,000.00 6.75000% 67,010,835.93 376,935.95 0.00 0.00
2A4 24,377,000.00 6.75000% 24,377,000.00 137,120.62 0.00 0.00
2A5 14,300,000.00 6.75000% 14,300,000.00 80,437.50 0.00 0.00
2A6 29,919,000.00 6.75000% 29,919,000.00 168,294.38 0.00 0.00
1APO 94,016.24 0.00000% 92,776.70 0.00 0.00 0.00
A-LR 100.00 7.00000% 100.00 0.58 0.00 0.00
A-R 100.00 7.00000% 100.00 0.58 0.00 0.00
1-M-1 2,501,000.00 7.00000% 2,487,576.33 14,510.86 0.00 0.00
M2 3,431,000.00 6.75000% 3,413,073.26 19,198.54 0.00 0.00
B1 2,700,000.00 7.00000% 2,685,508.24 15,665.46 0.00 0.00
B2 1,100,800.00 7.00000% 1,094,891.65 6,386.87 0.00 0.00
B3 840,000.00 7.00000% 835,491.45 4,873.70 0.00 0.00
B4 300,000.00 7.00000% 298,389.80 1,740.61 0.00 0.00
B5 560,473.83 7.00000% 557,465.59 3,251.88 0.00 0.00
2B1 3,842,000.00 6.75000% 3,821,925.82 21,498.33 0.00 0.00
2B2 1,372,000.00 6.75000% 1,364,831.40 7,677.18 0.00 0.00
2B3 961,000.00 6.75000% 955,978.84 5,377.38 0.00 0.00
2B4 548,000.00 6.75000% 545,136.74 3,066.39 0.00 0.00
2B5 824,299.20 6.75000% 819,992.29 4,612.46 0.00 0.00
Totals 474,485,602.94 2,447,470.35 0.00 0.00
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
IA1 0.00 0.00 137,500.00 0.00 25,000,000.00
IA2 0.00 0.00 205,083.83 0.00 38,756,000.00
IA3 0.00 0.00 24,505.00 0.00 4,524,000.00
IA4 0.00 0.00 31,211.17 0.00 5,350,485.71
IA5 0.00 0.00 249,437.62 0.00 39,543,530.56
IA6 0.00 0.00 117,332.81 0.00 19,289,777.32
IA7 0.00 0.00 28,257.82 0.00 3,484,237.16
A8 0.00 0.00 65,787.63 0.00 10,736,107.36
A9 0.00 0.00 0.00 0.00 0.00
A10 0.00 0.00 0.00 0.00 0.00
A11 0.00 0.00 2,017.14 0.00 347,813.37
A12 0.00 0.00 128,333.33 0.00 22,000,000.00
AP1 0.00 0.00 0.00 0.00 142,666.36
2A1 0.00 0.00 479,176.24 0.00 87,297,807.89
2A2 0.00 0.00 108,178.49 0.00 16,062,258.17
2A3 0.00 0.00 376,935.95 0.00 66,460,031.18
2A4 0.00 0.00 137,120.62 0.00 24,377,000.00
2A5 0.00 0.00 80,437.50 0.00 14,300,000.00
2A6 0.00 0.00 168,294.38 0.00 29,919,000.00
1APO 0.00 0.00 0.00 0.00 92,692.60
A-LR 0.00 0.00 0.58 0.00 100.00
A-R 0.00 0.00 0.58 0.00 100.00
1-M-1 0.00 0.00 14,510.86 0.00 2,485,590.99
M2 0.00 0.00 19,198.54 0.00 3,410,391.11
B1 0.00 0.00 15,665.46 0.00 2,683,364.93
B2 0.00 0.00 6,386.87 0.00 1,094,017.82
B3 0.00 0.00 4,873.70 0.00 834,824.64
B4 0.00 0.00 1,740.61 0.00 298,151.66
B5 0.00 0.00 3,251.88 0.00 557,020.67
2B1 0.00 0.00 21,498.33 0.00 3,818,922.37
2B2 0.00 0.00 7,677.18 0.00 1,363,758.85
2B3 0.00 0.00 5,377.38 0.00 955,227.59
2B4 0.00 0.00 3,066.39 0.00 544,708.35
2B5 0.00 0.00 4,612.46 0.00 819,347.91
Totals 0.00 0.00 2,447,470.35 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<S> <C> <C> <C> <C> <C> <C>
IA1 25,000,000.00 6.60000% 1000.00000000 5.50000000 0.00000000 0.00000000
IA2 38,756,000.00 6.35000% 1000.00000000 5.29166658 0.00000000 0.00000000
IA3 4,524,000.00 6.50000% 1000.00000000 5.41666667 0.00000000 0.00000000
IA4 0.00 7.00000% 1000.00000000 5.83333396 0.00000000 0.00000000
IA5 48,075,000.00 7.00000% 889.45887717 5.18851004 0.00000000 0.00000000
IA6 23,834,000.00 6.75000% 875.18527943 4.92291726 0.00000000 0.00000000
IA7 4,343,000.00 9.00000% 867.53619618 6.50652084 0.00000000 0.00000000
A8 13,645,000.00 6.80000% 850.83046244 4.82137266 0.00000000 0.00000000
A9 7,512,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A10 3,876,000.00 7.00000% 0.00000000 0.00000000 0.00000000 0.00000000
A11 332,000.00 7.00000% 1041.55490964 6.07572289 0.00000000 0.00000000
A12 22,000,000.00 7.00000% 1000.00000000 5.83333318 0.00000000 0.00000000
AP1 143,813.67 0.00000% 993.02368127 0.00000000 0.00000000 0.00000000
2A1 101,161,000.00 6.52000% 871.79788723 4.73676852 0.00000000 0.00000000
2A2 18,613,000.00 8.00000% 871.79788696 5.81198571 0.00000000 0.00000000
2A3 75,000,000.00 6.75000% 893.47781240 5.02581267 0.00000000 0.00000000
2A4 24,377,000.00 6.75000% 1000.00000000 5.62499979 0.00000000 0.00000000
2A5 14,300,000.00 6.75000% 1000.00000000 5.62500000 0.00000000 0.00000000
2A6 29,919,000.00 6.75000% 1000.00000000 5.62500017 0.00000000 0.00000000
1APO 94,016.24 0.00000% 986.81568206 0.00000000 0.00000000 0.00000000
A-LR 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
A-R 100.00 7.00000% 1000.00000000 5.80000000 0.00000000 0.00000000
1-M-1 2,501,000.00 7.00000% 994.63267893 5.80202319 0.00000000 0.00000000
M2 3,431,000.00 6.75000% 994.77506849 5.59561061 0.00000000 0.00000000
B1 2,700,000.00 7.00000% 994.63268148 5.80202222 0.00000000 0.00000000
B2 1,100,800.00 7.00000% 994.63267624 5.80202580 0.00000000 0.00000000
B3 840,000.00 7.00000% 994.63267857 5.80202381 0.00000000 0.00000000
B4 300,000.00 7.00000% 994.63266667 5.80203333 0.00000000 0.00000000
B5 560,473.83 7.00000% 994.63268428 5.80201934 0.00000000 0.00000000
2B1 3,842,000.00 6.75000% 994.77507028 5.59560906 0.00000000 0.00000000
2B2 1,372,000.00 6.75000% 994.77507289 5.59561224 0.00000000 0.00000000
2B3 961,000.00 6.75000% 994.77506764 5.59560874 0.00000000 0.00000000
2B4 548,000.00 6.75000% 994.77507299 5.59560219 0.00000000 0.00000000
2B5 824,299.20 6.75000% 994.77506469 5.59561383 0.00000000 0.00000000
<FN>
(5) Per $1,000 Denomination
</FN>
</TABLE>
<TABLE>
<CAPTION>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<S> <C> <C> <C> <C> <C>
IA1 0.00000000 0.00000000 5.50000000 0.00000000 1000.00000000
IA2 0.00000000 0.00000000 5.29166658 0.00000000 1000.00000000
IA3 0.00000000 0.00000000 5.41666667 0.00000000 1000.00000000
IA4 0.00000000 0.00000000 5.83333396 0.00000000 1000.00000000
IA5 0.00000000 0.00000000 5.18851004 0.00000000 822.53833718
IA6 0.00000000 0.00000000 4.92291726 0.00000000 809.33864731
IA7 0.00000000 0.00000000 6.50652084 0.00000000 802.26506102
A8 0.00000000 0.00000000 4.82137266 0.00000000 786.81622279
A9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A10 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A11 0.00000000 0.00000000 6.07572289 0.00000000 1047.63063253
A12 0.00000000 0.00000000 5.83333318 0.00000000 1000.00000000
AP1 0.00000000 0.00000000 0.00000000 0.00000000 992.02224656
2A1 0.00000000 0.00000000 4.73676852 0.00000000 862.95912348
2A2 0.00000000 0.00000000 5.81198571 0.00000000 862.95912373
2A3 0.00000000 0.00000000 5.02581267 0.00000000 886.13374907
2A4 0.00000000 0.00000000 5.62499979 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 5.62500000 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 5.62500017 0.00000000 1000.00000000
1APO 0.00000000 0.00000000 0.00000000 0.00000000 985.92115575
A-LR 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 5.80000000 0.00000000 1000.00000000
1-M-1 0.00000000 0.00000000 5.80202319 0.00000000 993.83886046
M2 0.00000000 0.00000000 5.59561061 0.00000000 993.99332848
B1 0.00000000 0.00000000 5.80202222 0.00000000 993.83886296
B2 0.00000000 0.00000000 5.80202580 0.00000000 993.83886265
B3 0.00000000 0.00000000 5.80202381 0.00000000 993.83885714
B4 0.00000000 0.00000000 5.80203333 0.00000000 993.83886667
B5 0.00000000 0.00000000 5.80201934 0.00000000 993.83885596
2B1 0.00000000 0.00000000 5.59560906 0.00000000 993.99332900
2B2 0.00000000 0.00000000 5.59561224 0.00000000 993.99333090
2B3 0.00000000 0.00000000 5.59560874 0.00000000 993.99332986
2B4 0.00000000 0.00000000 5.59560219 0.00000000 993.99333942
2B5 0.00000000 0.00000000 5.59561383 0.00000000 993.99333397
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notational Notational Component Component Component
Class Rate Balance Balance Balance Balance
<S> <C> <C> <C> <C> <C> <C>
IA7 COMP A 9.00000% 0.00 0.00 1,160,532.75 1,073,217.33 78.68162243%
IA7 COMP B 9.00000% 0.00 0.00 2,607,176.95 2,411,019.83 80.93386472%
A9 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A9 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 1 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 2 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
A10 GROUP 3 7.00000% 0.00 0.00 0.00 0.00 0.00000000%
</TABLE>
<TABLE>
<CAPTION>
CERTIFICATE ACCOUNT
<S> <C>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 10,225,914.09
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Total Deposits 10,225,914.09
Withdrawals
Reimbursement for Servicer Advances 125,295.00
Payment of Service Fee 86,730.52
Payment of Interest and Principal 10,013,165.36
Total Withdrawals (Pool Distribution Amount) 10,225,190.88
Ending Balance 723.21
</TABLE>
<TABLE>
<CAPTION>
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<S> <C>
Total Prepayment/Curtailment Interest Shortfall 8,309.67
Servicing Fee Support 8,309.67
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
</TABLE>
<TABLE>
<CAPTION>
SERVICING FEES
<S> <C>
Gross Servicing Fee 89,323.48
Master Servicing Fee 5,716.70
Supported Prepayment/Curtailment Interest Shortfall 8,309.67
Net Servicing Fee 86,730.52
</TABLE>
<TABLE>
<CAPTION>
DELINQUENCY STATUS
Percentage Delinquent
Based On
Current Unpaid
Number Principal Number Unpaid
Of Loans Balance Of Loans Balance
<S> <C> <C> <C> <C>
30 Days 1 227,959.05 0.069493% 0.054122%
60 Days 3 992,266.53 0.208478% 0.235582%
90+ Days 1 281,091.22 0.069493% 0.066736%
Foreclosure 0 0.00 0.000000% 0.000000%
REO 0 0.00 0.000000% 0.000000%
Totals 5 1,501,316.80 0.347464% 0.356439%
</TABLE>
<TABLE>
<CAPTION>
OTHER INFORMATION
<S> <C>
Current Period Realized Loss - Includes Interest Shortfall 449.81
Cumulative Realized Losses - Includes Interest Shortfall 2,963.93
Principal Balance of Contaminated Properties 0.00
Periodic Advance 682,302.62
</TABLE>
<TABLE>
<CAPTION>
COLLATERAL STATEMENT
<S> <C>
Collateral Description Fixed 30 Year
Weighted Average Gross Coupon 7.689933%
Weighted Average Pass-Through Rate 0.000000%
Weighted Average Maturity(Stepdown Calculation ) 1
Begin Scheduled Collateral Loan Count 1,462
Number Of Loans Paid In Full 23
End Scheduled Collateral Loan Count 1,439
Begining Scheduled Collateral Balance 428,764,593.64
Ending Scheduled Collateral Balance 421,198,448.84
Ending Actual Collateral Balance at 31-Aug-1998 105,147,719.12
Ending Scheduled Balance For Norwest 342,012,326.77
Ending Scheduled Balance For Other Services 79,186,122.07
Monthly P &I Constant 2,886,531.43
Class A Optimal Amount 9,890,592.83
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 406,794,837.02
Ending scheduled Balance For discounted Loans 14,403,611.82
Unpaid Principal Balance Of Outstanding Mortgage Loans
With Original LTV:
Less Than Or Equal To 80% 347,553,259.51
Greater Than 80%, less than or equal to 85% 7,668,050.31
Greater than 85%, less than or equal to 95% 66,044,930.77
Greater than 95% 0.00
</TABLE>
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